Gem Diamonds’ Quarterly Sales Advance as Prices Rise

Bloomberg.com reports that surging prices buoyed sales for Gem Diamonds (PINK:GMDMF) in Q4.

The story is quoted as saying:

“Reports of strong diamond jewelry sales in the important U.S. Christmas season, continuing growth in sales of diamond jewelry in Asia — specifically China and India — and the fundamental supply/demand imbalance, has meant strongly rising prices,” Gem’s Chief Executive Officer Clifford Elphick said in the statement

To access the full story, click here.